Bracewell senior principal Tim Urban told Agri-Pulse that the biofuels industry is right to have concerns about the reliability of the 45Z notice from Treasury.
Urban surmised that the Trump administration will do some analysis and meet with congressional Republicans to settle on one message before moving forward with any clarity on 45Z credits.
Urban noted that the agriculture sector has a lot of influence in what happens next. “One of the questions that you always wonder with something this big, is will the US Ag sector speak with one voice?” Urban said.
Enactment of the Inflation Reduction Act created huge enthusiasm about potential tax advantages for biofuel, but optimism has waned because of the delays and complexities.
